Deutsche Bank ( NYSE: DB) has launched a new share repurchase program with a volume of up to €1.0 billion, effective February 26, 2026, following its announcement on January 29.

Upon completion of the buyback and subject to shareholder approval of the proposed €1.00 per share dividend for 2025, the bank will have returned approximately €2.9 billion to shareholders in 2026 in respect of the 2025 financial year.

With this program, cumulative capital distributions for the financial years 2021–2025 (paid or payable between 2022 and 2026) are expected to reach €8.5 billion, exceeding Deutsche Bank’s original target of €8 billion.